Bitcoin
Bitcoin Price Holds Near $80,000 As Democratic Sweep Sparks Short Squeeze
Bitcoin price holds near $80,000 after rebounding from an election-night low of $75,600, as a short squeeze, a stock rally and a 9% drop in oil follow the Democratic sweep of Congress. Bitcoin price traded near $80,000 on Wednesday afternoon, up about 3% on the day and roughly $26,000 below its price one year ago, as markets shook off election-night jitters over the Democratic sweep of Congress , according to Bitcoin Magazine Pro data. Bitcoin changed hands at $80,099 at 3:12 p.m. ET, with a market cap of about $1.61 trillion and roughly $39.6 billion in trading volume over the...
Bitcoin Magazine7 min read
